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D.R. Horton DHI Ratios & Valuation

TTM Q2 '26TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25
Profitability
Gross margin94.6%-8.9pp97.3%-7.0pp99.7%-4.9pp101.9%-3.1pp103.4%-2.6pp
Net margin41.4%-9.7pp44%-8.3pp46.8%-6.1pp49.2%-4.1pp51.1%-2.9pp
Returns
Return on equity57.6%-20.9pp62.2%-20.8pp67.9%-17.6pp73.3%-15.0pp78.5%-12.7pp
Return on invested capital66%-26.2pp71.7%-26.3pp78.7%-22.4pp85.7%-18.0pp92.3%-14.6pp
Efficiency
Asset turnover3.8×-0.4×3.9×-0.5×-0.4×4.1×-0.4×4.3×-0.3×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.0×
Net debt / EBITDA-2.1×0.0×-2.1×0.0×-2×+0.1×-2.1×-0.1×-2.1×0.0×
Per Share
Book value per share$320.51+4.9%$316.23+5.5%$311.58+6.9%$309.85+10.2%$305.66+13.3%
Valuation
Market capitalization$172.02B-11.1%$172.33B-17.2%$175.26B-18.0%$186.9B-0.6%$193.49B+5.7%
Price / earnings49.2×+7.9×46×+3.0×43.1×-1.0×42.1×+3.4×41.4×+3.5×
Price / sales5.1×-0.2×-0.6×-0.8×5.2×0.0×5.3×+0.2×
Price / book7.2×-0.6×7.1×-1.3×7.2×-1.6×7.6×-0.4×7.8×-0.2×
EV / EBITDA34.2×+5.4×32×+2.0×30×-0.7×29.2×+2.5×28.8×+2.6×
Dividend yield4.6%+1.1pp4.5%+1.4pp4.2%+1.4pp3.9%+0.8pp3.5%+0.4pp

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Questions, answered.

Where do D.R. Horton's ratios come from?
Every ratio is computed from D.R. Horton's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.